The team reached a two-year extension with the running back. Woodhead was scheduled to enter a contract year with a $1.75 million base salary. Instead, he'll be under team control through the 2016 season.

Financial figures on the deal were not immediately disclosed.

"It's exciting," said Woodhead, who has a wife and two young sons. "It's where I want to be. It's where we wanted to be as a family. I'm happy this all worked out. Obviously, you want to be rewarded for what you do, but more than anything, you want to be at a place where you feel wanted."

Woodhead, a former Patriot, arrived last year in free agency. A career season in the passing game followed in which he caught 76 passes for 605 yards and six touchdowns. He added 429 yards and two scores on the ground.

The two sides had been in casual talks all summer. Negotiations began heating up last week, a source said.

Woodhead, 29, is part of a deep 2014 backfield. It features Ryan Mathews, the projected carry leader who's entering a contract year. The team signed Donald Brown to a three-year deal in March. He's expected to serve a complementary role.